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S&P Global Report: New Legislation Could ‘Boost’ US Stablecoin Landscape


According to a report from S&P Global Ratings, the introduction of the Lummis-Gillibrand Payment Stablecoin Act on April 17, 2024, promises to significantly reshape the U.S. stablecoin market. Authored by Mohamed Damak and Andrew O’Neill, the report outlines the potential for enhanced...

S&P Global Says US Stablecoin Adoption Could Soar Following New Rules


S&P Global said the recent change in rules involving the Lummis-Gillibrand Payment Stablecoin Act could see U.S. stablecoin adoption soar as the regulatory framework could bolster confidence. The post S&P Global Says US Stablecoin Adoption Could Soar Following New Rules appeared first...

The Ever-Dwindling Chances for a Stablecoin Law


Last week, U.S. Senators Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.) introduced a joint bill addressing how stablecoins could be regulated in the country. It's the latest effort to try and get something done in the U.S. legislative front – but is it enough?

PDVSA to raise the usage of Tether stablecoin


PDVSA, a state operated oil company in Venezuela, is preparing itself for raising the usage of Tether stablecoin for the export of crude and fuel oil, since the US now intends to introduce sanctions on the country, as per a report issued by Reuters.  A short while back, a statement released...

Is Cardano’s new stablecoin a potential game changer?


The main features of the Cardano platform are its high research focus, robustness, and sustainability. As a leader in cryptocurrency, it encourages the development of technologies like smart contracts and decentralized applications. Stablecoins are essential as the backbone of the crypto-ecosystem....

Stablecoin Market Climbs $2.81B in a Week, Nearing $160B Valuation


Over the past seven days, the stablecoin sector has expanded by $2.81 billion, bringing the dollar-pegged cryptocurrency market close to a total valuation of $160 billion. A significant portion of this growth, exceeding $2 billion, is attributed to the increase in USDT’s market...

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